Planet Fitness Shares Crash on Record After Membership Slump Hits Outlook

Planet Fitness Crashes Most On Record After Membership Slump Hits Outlook

Planet Fitness Crashes Most On Record After Membership Slump Hits Outlook Planet Fitness shares crashed the most on record, according to Bloomberg data going back to 2015, after the budget gym operator slashed its full-year outlook, citing weaker-than-expected new-member sign-ups during the first quarter. CEO Colleen Keating told analysts, "We faced some internal and external headwinds that impacted our join momentum year-to-date." Keating said, "Our overall performance reflects...

By Tyler Durden